Comparing the number of shares sold vs bought is pointless most of the time. You are tallying up the total at the end of the day and that isn't what influences where the SP ends up. What does influence the SP is the dynamics of the inter-day trading i.e. what the demand is at any given moment. The MMs don’t know how many shares will be traded in a day and play it minute by minute. If 10 buys go through in a minute it doesn't mean the SP will end the day on a high.
Nothing will happen from the company tomorrow as normal ! with the lack of news the company BOD's are acting like its a private limited company, they have the info who made the placing but wont inform the shareholders ? This is a PLC company and this info must be considered price sensitive, therefore the Bod's are breaking the law withholding this info. IMO they have no consideration for the sp or shareholders, are they trying to do an MBO and take it private ??????
...approached me on the bus today and pointed out that if you plot the cost of every third trade every Tuesday since the beginning of the year it looks like Rod Hull's profile - and we all know what happened to him. You heard it here first.
It looks like it could be imminent. A fall 30 minutes before the close could be a bit of a signal I think. It will be interesting to see what happens in the morning. I will be closely watching first thing.
below 7p today. Almost every day as long as I can remember has had 6p trades. It may say its down at the top of the page, but look deeper and its been stronger than its been for a long time. Smoke and mirrors.
Just before the 17th Jan the price fell, then the placing RNS came out. Just before the 26th Nov the price fell, then the strategic update RNS came out. Just before the 9th Sept the price fell from a spike, then the Rukwa Coal Project Scoping Study Results RNS came out. you can go back further, the price falls significantly before a major RNS announcement taking place. We'll see if theres a rush to buy or to sell tomorrow first thing.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.